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LGND

Ligand

$97.32

-1.22 (-1.24%)

18:23
10/07/16
10/07
18:23
10/07/16
18:23

Ligand says Carnexiv approval milestone to be recognized in Q4

Ligand's previous outlook for third quarter revenue was approximately one-third of the projected total revenues for the second half of 2016 of $66M-$70M. The Carnexiv approval milestone had been anticipated for the third quarter and now will be recognized in the fourth quarter.

LGND Ligand
$97.32

-1.22 (-1.24%)

09/07/16
ROTH
09/07/16
NO CHANGE
Target $149
ROTH
Buy
Ligand has 'major catalyst' ahead, says Roth Capital
Roth Capital analyst Joseph Pantginis says Ligand (LGND) is expecting a "major catalyst" this month namely the Phase IIb sparsentan data in focal segmental glomerulosclerosis patients being developed by partner Retrophin (RTRX). In a separate note to investors, Pantginis also said that the Breakthrough Therapy Designation of SAGE Therapeutics' (SAGE) '547 for postpartum depression may expedite its development and approval for use in the clinic, noting that the company has an agreement of 3% royalty payment to Ligand for potential sales of the drug. The analyst recommends steady accumulation of Ligand's stock as he anticipates that current revenue streams from partnered products and the broad "in development" portfolio are poised to drive significant growth in the near and longer term. He reiterates a Buy rating and $149 price target on Ligand's shares.
09/07/16
ROTH
09/07/16
NO CHANGE
Target $151
ROTH
Buy
Ligand target raised to $151 after sparsentan data at Roth Capital
Roth Capital analyst Joseph Pantginis raised his price target for Ligand Pharmaceuticals (LGND) to $151 from $149 after the company's partner Retrophin (RTRX) announced positive data from the sparsentan Phase II study in focal segmental glomerulosclerosis patients. The analyst believes the data support a potential accelerated path forward and he reminds investors that FSGS has no approved therapies. Pantginis calls the data an important win for Ligand and Retrophin. He keeps a Buy rating on Ligand. The stock is up 7% to $115.21 in early trading.
09/07/16
09/07/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. ConocoPhillips (COP) upgraded to Hold from Underperform at Jefferies with analyst Jason Gammel citing valuation and improving financial metrics. 2. DineEquity (DIN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Chris O'Cull saying the stock has reached a good entry point, while its risk/reward ratio is "compelling." 3. Gaming and Leisure Properties (GLPI) upgraded to Overweight at Morgan Stanley. 4. Aviva (AV) upgraded to Buy from Neutral at UBS with the firm saying the company is positioned to be the risk-adjusted dividend leader in the sector. 5. Ligand (LGND) upgraded to Hold from Sell at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/16
HCWC
10/05/16
NO CHANGE
Target $160
HCWC
Buy
Ligand price target raised to $160 from $146 at H.C. Wainwright
H.C. Wainwright analyst Carol Ann Werther raised her price target for Ligand Pharmaceuticals to $160 citing three recent positive events, namely positive Phase II focal segmental glomerulosclerosis data from partner Retrophin, the beginning of a Phase II clinical trial with LGD-6972 for the treatment of type 2 diabetes and the licensing of several therapeutic programs to Seelos. Werther keeps a Buy rating on Ligand.

TODAY'S FREE FLY STORIES

15:10
12/07/16
12/07
15:10
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15:10
General news
U.S. consumer credit rose $16.0 B in October »

U.S. consumer credit rose…

COST

Costco

$151.01

-0.76 (-0.50%)

15:04
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Options
Costco options imply 4.3% move in share price post-earnings, above median historical move »

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CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

15:03
12/07/16
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15:03
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Downgrade
Columbus McKinnon rating change  »

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  • 07

    Dec

OTTR

Otter Tail

$38.90

0.1 (0.26%)

15:01
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12/07
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Otter Tail initiated  »

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15:01
12/07/16
12/07
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General news
Consumer Credit data reported »

October Consumer Credit…

WDC

Western Digital

$63.85

1.76 (2.83%)

15:00
12/07/16
12/07
15:00
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Options
Western Digital calls active as shares surge »

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CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

14:59
12/07/16
12/07
14:59
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14:59
Downgrade
Columbus McKinnon rating change  »

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  • 07

    Dec

HON

Honeywell

$116.25

3.18 (2.81%)

14:58
12/07/16
12/07
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14:58
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Trian declines to comment as Honeywell hits high of day »

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  • 16

    Dec

  • 16

    Dec

  • 10

    Jan

HRB

H&R Block

$23.42

0.73 (3.22%)

14:55
12/07/16
12/07
14:55
12/07/16
14:55
Technical Analysis
H&R Block technical comments ahead of earnings news »

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  • 07

    Dec

APO

Apollo Global

$19.99

0.71 (3.68%)

, CS

Credit Suisse

$15.46

0.77 (5.24%)

14:54
12/07/16
12/07
14:54
12/07/16
14:54
Periodicals
Apollo-backed Warrior working with lenders on IPO for next year, Bloomberg says »

Apollo Global…

APO

Apollo Global

$19.99

0.71 (3.68%)

CS

Credit Suisse

$15.46

0.77 (5.24%)

03/08/13
Wedge Partners
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Citigroup
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  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 14

    Dec

14:50
12/07/16
12/07
14:50
12/07/16
14:50
General news
Canada Capacity Utilization Preview »

Canada Capacity…

LULU

lululemon

$57.24

0.12 (0.21%)

14:49
12/07/16
12/07
14:49
12/07/16
14:49
Options
lululemon options imply 14.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 07

    Dec

  • 09

    Jan

14:45
12/07/16
12/07
14:45
12/07/16
14:45
General news
Canada Housing Starts Preview »

Canada Housing Starts…

14:45
12/07/16
12/07
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General news
Consumer Credit to be reported at 15:00 »

October Consumer Credit…

14:45
12/07/16
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General news
Breaking General news story  »

November Treasury STRIPS…

ATSG

Air Transport Services

$16.32

0.02 (0.12%)

14:42
12/07/16
12/07
14:42
12/07/16
14:42
Hot Stocks
Air Transport Services says preliminary injunction granted in labor matter »

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AGN

Allergan

$190.01

-0.935 (-0.49%)

14:42
12/07/16
12/07
14:42
12/07/16
14:42
Hot Stocks
Allergan CEO: Drug industry should self-regulate pricing »

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  • 07

    Dec

  • 08

    Dec

COST

Costco

$151.01

-0.76 (-0.50%)

, HRB

H&R Block

$23.44

0.75 (3.31%)

14:40
12/07/16
12/07
14:40
12/07/16
14:40
Earnings
Notable companies reporting after market close »

Notable companies…

COST

Costco

$151.01

-0.76 (-0.50%)

HRB

H&R Block

$23.44

0.75 (3.31%)

LULU

lululemon

$57.24

0.12 (0.21%)

CAS

A. M. Castle

UNFI

United Natural Foods

$48.66

-0.7 (-1.42%)

VRNT

Verint

$38.20

0.15 (0.39%)

OLLI

Ollie's Bargain Outlet

$31.50

0.05 (0.16%)

TLRD

Tailored Brands

$18.89

0.58 (3.17%)

03/08/13
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  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 08

    Dec

  • 13

    Dec

  • 15

    Dec

  • 09

    Jan

  • 09

    Jan

HLT

Hilton

$26.81

0.495 (1.88%)

14:40
12/07/16
12/07
14:40
12/07/16
14:40
Options
Heightened call activity in Hilton everyday so far in December »

Heightened call activity…

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  • 08

    Dec

  • 09

    Dec

TST

TheStreet

14:36
12/07/16
12/07
14:36
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Initiation
TheStreet initiated  »

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  • 07

    Dec

SYK

Stryker

$112.97

0.38 (0.34%)

14:34
12/07/16
12/07
14:34
12/07/16
14:34
Hot Stocks
Stryker raises quarterly dividend to 42.5c per share »

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  • 12

    Dec

VNCE

Vince Holding

$4.28

0.075 (1.79%)

14:30
12/07/16
12/07
14:30
12/07/16
14:30
Earnings
Notable companies reporting before tomorrow's open »

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  • 08

    Dec

  • 09

    Jan

CMA

Comerica

$67.49

-0.2 (-0.30%)

14:30
12/07/16
12/07
14:30
12/07/16
14:30
Periodicals
Comerica moves higher as company alleged to 'warm' to possible sale »

According to Benzinga, a…

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  • 17

    Jan

CX

CEMEX

$8.42

0.205 (2.50%)

14:25
12/07/16
12/07
14:25
12/07/16
14:25
Options
Cemex call volume above normal and directionally bullish »

Bullish option flow…

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14:25
12/07/16
12/07
14:25
12/07/16
14:25
Conference/Events
Senate Commerce, Science & Transportation Committee to hold a hearing »

The Subcommittee on…

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